SHOULD YOU OPT FOR A FIXED RATE OR A FLOATING RATE HOME LOAN?

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SHOULD YOU OPT FOR A FIXED RATE OR A FLOATING
RATE HOME LOAN?
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The Basics of Home Loan

• You can apply for a home loan that can help you
  deal with your fund issue. The banks and
  financial institutions offer you a home loan and
  fund up your home in a certain percentage.
  However, a home loan comes with an interest rate
  charged by the loan provider on the amount you
  borrow. 

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Go for a fixed rate

• A fixed-rate of interest is not subjected to any
  change or variation. It is a fixed rate of
  interest and you need to pay a fixed percentage
  till the end of your loan tenure. The rate is
  fixed during you take a loan and pay that same
  rate throughout the term. Even though the market
  rate changes and conditions fall, you will have
  to pay the same rate for the years. There will
  not be any increase or any decrease in the rate.
  This scheme is perfect for those who want a
  static EMI with no room for changes. If you are
  not willing to go as per the market standards,
  then this is fine for you. 

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Go for floating rate

• A floating rate is subject to changes and
  variation. It completely depends upon the market
  rates and changes. As the market develops or
  drops, the rate of interest also changes. You
  start with a rate of interest, but you dont pay
  that for the rest of your tenure. It will change,
  either for good or for less. The floating rates
  always start with a low rate of interest, and
  then it can further drop or rise. People who want
  to follow the market standards can go for a
  floating rate. Also, if you are going for
  something dynamic you may end up paying a high
  rate of interest. 

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Wrapping up

• Apply for home loan and then decide what kind of
  interest rate you want to go for. Both of them
  have its an advantage, the choice is yours. It
  completely depends on your needs and preference.

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Clix Capital Services Private Limited

• Address 9th Two Horizon Center, 901b, DLF Phase
  5, Sector 43, Gurugram, Haryana 122002
• Call us 1800 200 9898
• Email us hello_at_clix.capital
• Visit https//www.clix.capital/home-loan

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